A Galaxy Digital-linked over-the-counter (OTC) address transferred 55,990 Hyperliquid (HYPE) tokens worth about $4.15 million to Gate, according to blockchain tracking platform Onchain Lens. The transaction, reported on Aug. 21, was made shortly before the alert and may indicate an intended sale, although exchange deposits can also support liquidity management, collateral use or third-party trades. The transfer does not establish that Galaxy Digital was selling its own holdings or that a sale occurred.